617-863-8147
817 Merrimack St, Lowell, MA for Sale
Medical - FOR SALE
1/6
null | Request Cap Rate

817 Merrimack St
Lowell, MA 01854
The Acre


HIGHLIGHTS

  • Prime Central Location
  • Flexible Zoning

OVERVIEW

Newmark has been exclusively retained to sell 817 Merrimack Street in Lowell, Massachusetts, a two-story medical office building directly across the street from the UMass Lowell East Campus. The building’s prime location at the heart of a vibrant academic, business and student-driven area offers future ownership the opportunity to pursue a medical, office, retail, or mixed-use repositioning of the asset, all of which are allowed under the existing INST zoning. Residential uses are inconsistent with the UMass Building Authority’s (UMBA) purchase and UMass Lowell’s (UML) ongoing campus operations. Therefore, any interest for residential uses will not be considered at this time. Further, UMBA and UML are leading a transformative redevelopment of a portion of East Campus known as LINC. Interested parties are encouraged to define how their reuse of the property will support the adjacent campus uses and initiatives, including LINC. The asset is being offered without a formal asking price, free and clear of debt.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

INST

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Joseph AlvaradoNewmarkMore Info
617-863-8147

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Joseph AlvaradoNewmarkMore Info
617-863-8147

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.